13 July 2022 – Media Release
Ad hoc announcement pursuant to Article 53 of SIX Exchange Regulation Listing Rules
ONE swiss bank SA
H1 2022 financial results (true & fair view)
H1 2022 Financial Statements can be downloaded here.
All documents are available on oneswissbank.com under “Investor relations” section.
“One year ago, we had completed a promising merger and were finally seeing the light at the end of the pandemic tunnel. Along with this positive outlook, we launched several initiatives to harness new business opportunities. But since early 2022, we have encountered various headwinds – from the surge in new COVID variants, continued worldwide supply-chain disruptions and levels of inflation not seen for decades to the sudden unprecedented rate hikes by central banks (including the SNB’s upward nudge in its negative rate to close to zero) and, last but certainly not least, the Ukraine invasion. Financial markets sharply corrected in the period under review, with shortfalls witnessed in most asset classes. Safe havens were in short supply.
Despite these major complications, we are glad to report that our financial turnaround is on plan and on schedule. Earnings before interest, taxes, depreciation and amortisation (EBITDA) totalled an encouraging CHF 1.2 million in the first six months of 2022, net of an unrealised loss of CHF –771 thousand on our own investments. Excluding this…
